Sina Q4 2008 Net Profit Up 46%
PR Newswire Asia, 3/17/09
Chinese online media company and wireless value-added service (WVAS) provider Sina (Nasdaq: SINA) has issued its earnings report for Q4 2008, with net revenues reaching USD 101.5 mln, up 44% year-on-year but down 4% quarter-on-quarter. 2008 full-year net revenues rose to USD 369.6 mln, an increase of 50% over the 2007 figure.
Net income for the quarter came to USD 25.6 mln, up 46% YoY and 17% QoQ. Net income for fiscal year 2008 increased 54% to USD 88.8 mln.
Advertising revenues for the quarter grew 39% YoY and decreased 9% QoQ to USD 69.5 mln. Non-advertising revenues increased 56% YoY and 10% QoQ to USD 32.0 mln.
Advertising revenues for the year grew 53% YoY to USD 258.5 mln. Non-advertising revenues increased 44% YoY to USD 111.1 mln.
The company estimates revenues for the first quarter of 2009 will be between USD 73 mln and USD 77 mln.
To view Sina's full earnings report, please click here.
Keywords: Internet portal profit Q4 2008 Sina wireless WVAS fiscal report revenue online advertising
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